Latest news with #selloff
Yahoo
7 days ago
- Business
- Yahoo
Amkor and Teradyne Shares Plummet, What You Need To Know
What Happened? A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike. The negative sentiment was triggered after the Dutch firm, whose complex machines are essential for producing advanced chips, warned it could no longer guarantee growth in 2026. ASML's management cited "increasing uncertainty driven by macro-economic and geopolitical developments," including the potential for new U.S. tariffs. As an industry bellwether, a company whose performance is seen as an indicator of the entire sector's health, ASML's comments are a key signal of future capital spending. The warning sent a chill through the market, as concerns grow that trade tensions could disrupt the highly globalized semiconductor supply chain and slow down investment from chip manufacturers. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Among others, the following stocks were impacted: Semiconductor Manufacturing company Amkor (NASDAQ:AMKR) fell 3.3%. Is now the time to buy Amkor? Access our full analysis report here, it's free. Semiconductor Manufacturing company Teradyne (NASDAQ:TER) fell 3.4%. Is now the time to buy Teradyne? Access our full analysis report here, it's free. Zooming In On Teradyne (TER) Teradyne's shares are very volatile and have had 29 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 2 days ago when the stock dropped 3.1% on the news that a recent "Sell" rating initiation from Goldman Sachs cast a shadow over the company's growth prospects. The investment bank set a price target of $80.00, citing concerns that Teradyne is not well-positioned in the high-growth market for testing merchant GPUs (Graphics Processing Units), which are crucial for AI applications. Adding to the bearish sentiment, Goldman Sachs pointed to ongoing cyclical weakness in the industrial markets, which affects Teradyne's robotics business. The firm also expressed uncertainty about the growth trajectory of the company's mobile segment. Teradyne is down 29.9% since the beginning of the year, and at $88.73 per share, it is trading 45.6% below its 52-week high of $163 from July 2024. Investors who bought $1,000 worth of Teradyne's shares 5 years ago would now be looking at an investment worth $1,030. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Sign in to access your portfolio
Bloomberg
16-07-2025
- Business
- Bloomberg
India's Volatility Index Dips on Easing Tariff Concerns, Rate Cut Hopes
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Chiranjivi Chakraborty, an equities reporter in Mumbai. Local traders are set to start the day on the backfoot following the selloff on Wall Street and a choppy trend in regional markets. Till India's trade deal with the US is sealed, big moves could likely be limited to companies announcing quarterly numbers. Tech Mahindra 's results later in the day will be closely watched after underwhelming numbers from TCS and HCL Technologies have further soured the outlook for the IT sector.
Reuters
16-06-2025
- Business
- Reuters
CoverGirl parent Coty exploring sale, WWD reports
June 16 (Reuters) - Beauty company Coty (COTY.N), opens new tab is seeking buyers for a selloff in two parts, fashion trade publication WWD reported on Monday, citing multiple industry sources. The company intends to sell both its luxury segment, which houses brands such as Hugo Boss, Gucci and Burberry, and its consumer division, including CoverGirl and Max Factor, the report said. U.S.-listed shares of Coty jumped 7% during afternoon trading. However, the stock has fallen nearly 25% this year as the company grapples with a worsening macroeconomic environment and President Donald Trump's erratic trade policy. The company cut its annual profit forecast and postponed its investor day in May, and said that although its tariff exposure was low, it planned to shift some production from Europe to the U.S. while broadening its sourcing of raw materials outside China. Coty was in discussions with premium perfume maker Interparfums ( opens new tab about the sale of its luxury business, the report said, adding that the talks were in early stages. Coty said it does not comment on rumor and speculation, while Interparfums did not immediately respond to a Reuters request for comment.
Yahoo
14-06-2025
- Business
- Yahoo
Litecoin Price Struggles Despite ETF Optimism as War Tensions Rattle Market
Litecoin LTC fell more than 4.3% over the past week, and is down more than 14% for the last 30-day period, with the latest sell-off coming as part of a wider risk asset sell-off. That sell-off came after Israel attacked Iran in a bid to put an end to its nuclear program and harm its missile capabilities, and Iran later retaliated with a salvo of missiles. The conflict has spooked global markets, reducing the total cryptocurrency market capitalization by more than $150 billion. LTC was severely affected by the sell-off. As the dust settled, Litecoin attempted a fragile rebound, climbing back above $86. But the recovery has stalled under mounting technical resistance. The $97.80 level, coinciding with the 23.6% Fibonacci retracement according to to CoinDesk Research's technical analysis data model, has proven difficult to breach. Momentum indicators like RSI at 43.46 and a flat MACD histogram show limited energy behind the move, suggesting a phase of consolidation. Volume tells a similar story. Litecoin's trading activity dropped 42% following the initial plunge, even as it briefly surged through the $85.90 resistance level during a high-volume spike late Friday. That breakout, however, was quickly met with profit-taking that brought it back down to $85. Looming in the background is hope for a spot litecoin ETF. Bloomberg ETF analysts Eric Balchunas and James Seyffart estimate a 90% chance of approval. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
06-06-2025
- Business
- Globe and Mail
Newsmax Stock Plummeted Today -- Is Now the Time to Buy?
Newsmax (NYSE: NMAX) stock got hit with another round of big sell-offs in Thursday's trading. The company's share price closed out the day's trading down 10.5% amid the backdrop of a 0.6% decline for the S&P 500 and a 0.9% decline for the Nasdaq Composite. Sell-offs picked up as the day progressed as investors reacted to tariff and trade issues and other potential macroeconomic risk factors. While there weren't any immediate business factors pushing Newsmax stock lower, the stock may have faced some significant pressure due to news surrounding Tesla and CEO Elon Musk. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » As a network that primarily features right-leaning political content, Newsmax has sometimes been included in the basket of "Trump trade" stocks -- a group of stocks that some investors are betting will see positive catalysts in conjunction with the President's second term. After previously being a high-profile supporter of President Trump, Musk has recently ramped up criticism of Trump and the budget bill he supports. The Trump-Musk schism helped spur a 14.3% sell-off for Tesla stock today, and the pullback effect extended to other "Trump trade" stocks. Is the latest pullback an opportunity to buy Newsmax stock? In the absence of actual business-specific news pushing Newsmax's share price lower, today's big sell-off could look like an overreaction. The stock is now down roughly 81% from market close on the day of its initial public offering (IPO). Sell-offs have now pushed the company's market capitalization down to roughly $2.1 billion -- or roughly 12.3 times the $171 million in revenue it reported last year. The company is still growing revenue at a solid clip, with sales rising 12% year over year in the first quarter, but its current valuation still looks somewhat lofty given its rate of sales expansion. Factoring in the potential for the business to face significant negative judgments in outstanding civil suits, I think Newsmax stock still looks too risky right now. Should you invest $1,000 in Newsmax right now? Before you buy stock in Newsmax, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newsmax wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,538!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $869,841!* Now, it's worth noting Stock Advisor 's total average return is789% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025
